Najran Cement shareholders approve 7.5% dividend for H2 2020

01/04/2021 Argaam Exclusive

Najran Cement Co.’s shareholders approved the board’s recommendation to pay cash dividend at 7.5% of capital, or SAR 0.75 a share, for H2 2020, during the ordinary general meeting (OGM) held on March 31, 2021.

Dividend Details (H2 2020)

Current Capital

SAR 1.7 bln

Number of shares

170 mln

Dividend

SAR 127.5 mln

Percentage of capital

7.5% (SAR 0.75 per share)

Record date

Shareholders registered with Securities Depository Center at the end of the second trading day following the general assembly

Payment date

To be determined

Dividend Details (2020)

Dividend

SAR 255 mln

Percentage of capital

15% (SAR 1.5 per share)

 

Shareholders also authorized the board to distribute interim dividend to shareholders on semi-annual or quarterly basis for 2021, and to determine the maturity and disbursement date as per the rules and regulations of the Company Law, in line with Najran Cement’s financial position, cash flows, expansion and investment plans.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
28/02/2021 31/03/2021 13/04/2021 127.50 0.75
24/09/2020 01/10/2020 15/10/2020 127.50 0.75
11/05/2016 19/05/2016 09/06/2016 102.00 0.60
29/12/2015 29/03/2016 21/04/2016 85.00 0.50
10/08/2015 20/08/2015 10/09/2015 85.00 0.50
11/12/2014 30/03/2015 30/04/2015 102.00 0.60
21/07/2013 22/07/2013 01/08/2013 102.00 0.60
03/02/2013 18/03/2013 02/04/2013 93.50 0.55
26/09/2012 29/09/2012 17/10/2012 85.00 0.50
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend Cash dividend per share (SAR) * The stock price at the beginning of the period (SAR) Return on the base price
Last 3 Financial years 1.50 10.57 14.19 %
Last 5 Financial years 2.10 14.58 14.40 %
Last 10 Financial years N/A N/A N/A
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

9.24
(0.06) (0.65 %)

Valuation Data (Latest Share Price)

P/E (TTM) 23.78
P/E Before Unusual Items (TTM) 23.78
P/BV 0.77
Dividend Yield 0.00 %
Market Cap. (M) 1,570.80
Return on Average Assets 2.63 %
Return on Average Equity 3.26 %

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